Accounting Question

Two part in assignment first part case study and second part accounting

Part 1:
Course Learning Outcomes (CLOs):
1.
2.
3.
Recognize the basic concepts and terminology used in Strategic Management (CLO1)
Describe the different issues related to environmental scanning, strategy formulation, and
strategy implementation in diversified organizations- CLO2
Explain the contribution of functional, business, and corporate strategies to the competitive
advantage of the organization-CLO3.
Case study
Read carefully case No. 5 from your textbook (entitled ‘Starbucks Coffee Company)
and answer briefly the following questions: (1 mark each question)
1.
2.
3.
4.
Draw the SWOT matrix of the new Starbucks company.
Provide examples of the Corporate Social Responsibilities (CSR).
What is the competitive strategy used by this company? Justify.
Use the five forces of the M. Porter matrix to describe the Starbucks industry,
particularly, in Japan.
5. Describe the relationship of Starbucks with its primary stakeholders.
6. Describe the core competency of Starbucks company.
7. What kinds of strategic alliances are used by Starbucks in China?
8. What are the main challenges that this company faces in the Indian market?
9. Assess the competitive advantage of Starbucks in the global market.
10. Recommend solutions for Starbucks to improve its competitive advantage in
both Japan and China.
Answers
1.
2.
3.
4.
5.
6.
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8.
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10.
Reference:
Part 2:
Q1. Z Corporation acquired 100% of the outstanding common stock of Sake X
Corporation for $ 3,000,000 cash and 50,000 shares of its own common stock ($1
par value), which was trading at $30 per share at the acquisition date.(3 marks)
Required: Prepare The Journal Entry to Record the Acquisition Transaction on
the Acquiring Incorporation’s Journal.
Answer:
Q2.
In The Process of the Acquisition, Z Incorporation Paid In Cash the
Following Expenses ($): (3 marks)
Legal fees
50,000
Accounting fees
20,000
Travel expenses
5,000
Legal fees (SEC)
40,000
Accounting fees (SEC)
10,000
SEC filing fees
15,000
Required: Prepare the journal entry to record the acquisition expenses.
Answer:
Q3. Z
Incorporation acquired significant influence over Y Company by
purchasing 100 percent of the common stock of the Y Incorporation for $100,000;
Y earns income of $50,000 and pays dividends of $10,000(4 marks)
Required: Pass Journal Entries To Update The Investment Account
Incorporation Using Equity Method And Cost Method.
Answer:
In Y
Q4. Given the Following Information for 2023(5 marks)
Z owns 70% of Y
Y net income for 2023 is $150,000
Y declares dividends of $10,000 during 2023.
Y has 20,000 shares of $ 1 par value per stock outstanding that issued for $10 per
share.
Y beginning balance in Retained Earnings for 2023 is $50,000.
Required: Prepare Basic Elimination Entry Using Equity Method
Answer